Tides are turning in Bakersfield Real Estate

Another day has passed in the grueling real estate market. As I submit offers from my clients I am beginning to notice that the market may be changing, out of the houses my team and I have in escrow, a good 80% of our accepted offers have gone against multiple offers and many even over full price. It's kinda funny really how the market is... 2 years ago the same thing was happening just with prices being 100's of thousands more. Todays market creates opportunities for buyers including first time homebuyers with not much money. Think that the 100% financing programs are gone, think again! There are FHA and grant programs that will allow sellers to pay 6% towards buyers concessions. With this equation the buyer can get all their closing costs paid and the seller will many times even pay 3% towards the buyers down payment.